Tagged: hong kong

October 31, 2017 @ 1:59 pm By JD Alois  |  

  Hong Kong Fintech Week ended on October 27th. According to organizers, the main story emerging from the week long event is the fact that Hong Kong is very much a Fintech leader in Asia. Frequently compared to Singapore – regularly viewed as the leading… Read More

October 28, 2017 @ 10:45 am By Xu Gao  |  

51 CreditCard (u51.com) is Planning to List in Hong Kong in 2018 51 CreditCard (u51.com), a leading online platform for credit card bill management, is reported to be listed on Hong Kong Exchanges and Clearing Limited (HKEX) in 2018, aiming to raise at least 500… Read More

October 25, 2017 @ 11:45 pm By JD Alois  |  

It is Fintech week in Hong Kong so there is plenty going on regarding alternative finance in the Asian financial center. According to a report in CFOInnovation, the Fintech Association of Hong Kong (FTAHK) made a timely move to sign Memorandums of Understanding with not… Read More

October 25, 2017 @ 1:19 pm By Samantha Hurst  |  

Singapore-based WishFinance announced on Wednesday the global expansion of its blockchain platform. According to the company, this decision was widely applauded by investors who put into the project during the token pre-sale campaign from October 15th to October 25th.  As previously reported, WishFinance has issued more… Read More

October 25, 2017 @ 7:28 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed a cooperation agreement to strengthen Fintech ties between the two Asian financial centers. There was a signing ceremony organized by HKMA today in Hong Kong. As part of the Agreement,… Read More

October 24, 2017 @ 10:33 pm By JD Alois  |  

Klook, Asia’s largest in-destination services booking platform, has raised nearly $60 million in a Series C funding round.  The financing was led by Sequoia China which also led the Series B Funding. Goldman Sachs and Matrix Partners joined in the round. OurCrowd, a leading global investment… Read More

October 23, 2017 @ 11:12 pm By JD Alois  |  

Anchored by Standard Chartered, SuperCharger Fintech accelerator is gearing up for its third cohort of startups and scale-ups in the Fintech space. Accepted applicants will begin a 12 week program that starts in March of 2018 and continues through June. SuperCharger is interested in all different… Read More

October 22, 2017 @ 10:30 am By Xu Gao  |  

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More

October 14, 2017 @ 8:20 pm By Xu Gao  |  

Tencent Received License to Sell Insurance on WeChat and QQ This week, China Insurance Regulatory Commission (CIRC) announced that it had grant an operation license to Shenzhen Wei Min Insurance Agency Co. Ltd. Tencent owns a majority stake (57.8%) of this new insurer. Fubon Property… Read More

October 9, 2017 @ 1:22 pm By Samantha Hurst  |  

Citi Ventures announced on Monday it welcomed 60 university students from Hong Kong to its San Francisco office in September as part of its week-long fintech-focused entrepreneurship bootcamp at Stanford Graduate School of Business under the Cyberport University Partnership Program (CUPP). The students reportedly visited Citi… Read More

October 8, 2017 @ 5:11 am By JD Alois  |  

The Centre for Finance, Technology and Entrepreneurship (CFTE) is launching their first online Fintech course which will open to the public soon. If you are interested, you may enroll here. The course is described as “Around Fintech in Eight Hours.” The coursework starts with an overview of Fintech and introduces a… Read More

September 29, 2017 @ 10:07 am By JD Alois  |  

InvestHK is out with a laudatory statement regarding the Hong Kong Monetary Authority’s decision to “upgrade” its FIntech Supervisory Sandbox with new features.  FinTech Sandboxes have also been announced by the Securities and Futures Commission (SFC) and the Insurance Authority. These actions mean that pretty… Read More

September 27, 2017 @ 12:33 pm By Samantha Hurst  |  

Earlier this month, Deloitte announced the launch of its regional blockchain lab located in Hong Kong. According to the company, this new lab will implement and deploy Distributed Ledger Technology (DLT) for corporate clients across the region. Joe Guastella, Deloitte Global Consulting Leader of Financial Services… Read More

September 27, 2017 @ 10:27 am By Samantha Hurst  |  

On Wednesday, Deloitte announced the winners of the inaugural Technology Fast 20 Hong Kong program. The top three companies are WeLab Holdings Limited, SenseTime Group Inc., and GoGo Tech Holdings Limited. While sharing details about the program, Philip Law, Deloitte TF20 Hong Kong Program Leader,… Read More

September 21, 2017 @ 10:31 am By JD Alois  |  

Fintech Bridge is Topic of Focus The UK government will host a “GREAT Festival of Innovation” in Hong Kong to showcase UK innovation and technology to the world. The announcement was shared by International Trade Secretary Dr Liam Fox today. Total bilateral trade between the UK… Read More

September 21, 2017 @ 7:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

September 19, 2017 @ 9:13 pm By JD Alois  |  

Following their expansion into Malaysia, SuperCharger Fintech Accelerator has scheduled its inaugural launch day event for September 26th in Kuala Lumpur. Organizers report that after reviewing over 100 applications, entries have been narrowed down to 10 promising Fintech startups. The event will see SuperCharger representatives… Read More

September 18, 2017 @ 2:57 pm By Samantha Hurst  |  

Hong Kong-based fintech startup WeLab has revealed it is set to launch in Southeast Asia within the next year. According to Dealstreet Asia, the mobile lending platform is currently looking into strategic partnerships in the region and is expected to roll out products by 2018’s first… Read More

September 14, 2017 @ 7:47 am By JD Alois  |  

Securities Commission Malaysia (SC) has released a statement on the recently signed cooperation agreements with major financial centers. These “Fintech bridges” are described as a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry. Recently, SC has established… Read More

September 13, 2017 @ 8:42 am By JD Alois  |  

Wish Finance, based in Singapore, has announced the launch of its blockchain-based lending platform for small and medium businesses. The company has reportedly issued 100+ loans in 2017 during a soft launch with every loan successfully repaid and 0% default rate. Wish Finance plans to… Read More